North Carolina nursing home patient trust bonds.
From $100.
A North Carolina nursing facility that holds residents’ personal money posts a resident trust fund bond securing those funds. The amount tracks the funds you hold on deposit — enter it and your exact price appears at the application, starting from $100. Priced at 1% of the bond amount, $100 minimum.
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How much does a North Carolina nursing home patient trust bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard patient trust bond — enter your amount, pay, and file. Here is the whole thing:
Apply online
Your facility details, the bond amount your resident funds require, and the effective date — that is the application.
Issued on the spot
No credit check up to $250,000, and most orders issue instantly on payment.
File with your Medicaid enrollment
Submit the executed bond to satisfy your resident-trust-fund security requirement. Wet-ink originals mailed whenever the agency insists.
What it is and who needs it.
What the patient trust bond covers
When a North Carolina nursing facility holds and manages a resident’s personal money — a resident trust fund — it acts as a fiduciary. The bond is a security for those funds: it guarantees the facility keeps the money separate and in trust, administers it on the residents’ behalf, and keeps an accurate accounting.
For facilities that participate in Medicaid, federal law requires a system that assures the security of residents’ personal funds — a surety bond is the common way to meet it, and North Carolina conditions a facility’s enrollment on holding one when it manages resident funds. The bond is filed for the benefit of the residents whose money the facility holds.
Because the exposure is the money on deposit, the bond amount is sized to the resident funds you hold — generally the highest aggregate balance of all resident accounts. If a facility misappropriates resident funds, a harmed resident (or the State on their behalf) can recover against the bond; if a claim is paid, the facility repays the surety. Enter your figure — pricing starts from $100 and no credit check up to $250,000.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with your Medicaid enrollment. Submit the executed bond to satisfy your resident-trust-fund security requirement. Wet-ink originals mailed whenever the agency insists.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with your required bond amount — the executed patient trust bond is generated instantly, ready to file.
Start the application →Common questions.
Other North Carolina bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Patient trust bond, issued today.
Pricing from $100. Enter the resident funds you hold and file the same day.